Changan Auto plans to build a vehicle plant with a total investment value of CNY8.5bn (US$1.25bn) in southern China, the China Business News reported on Thursday.
Changan Auto plans to build a vehicle plant with a total investment value of CNY8.5bn (US$1.25bn) in southern China, the China Business News reported on Thursday.
Changan will use its joint venture between listed Chongqing Changan Automobile and PSA Peugeot Citroen to produce 200,000 vehicles per year in Shenzhen, the newspaper said, citing the company, according to Reuters. Changan has set a sales goal of 3m units by 2015 and 5m by 2020, the reports added.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
